CHINA’S INFLUENCE IN LATIN AMERICA GROWS DEAL BY DEAL
As you've guessed by now, I've been watching Russia and China closely, and especially their relationships with South America, and I believe we're witnessing the unraveling of the American empire. Yesterday I commented on Russia's growing influence in South America, and today, I'd like to address China's. Consider the following articles:
Deals Help China Expand Sway in Latin America
China\'s Big Move Into Latin America
Yesterday I mentioned that Brazil would be a country to watch and this is the reason why: The USA is no longer Brazil's largest trading partner, China is, and hence, good relations with China will be more important than good relations with the USA to Brazil, and this trend is only going to continue, for after all, what does the USA make and export any more except war? Note that emphasis on war, and note what the second article says about China's policy vis-a-vis South America:
"China has moved aggressively to fill a vacuum left by the United States in recent years, as the US focused on wars in Afghanistan and Iraq and the global economic crisis sapped its economy.
"'China is rising while the US is declining in Latin America," Riordan Roett, a professor of international relations at Johns Hopkins University, said by telephone while São Paulo. "China is all over this region. They are following a state-driven policy to expand their peaceful presence."
That's not all: Brazil has figured mightily in the geopolitical realignment that Moscow and Beijing have been championing for some years: "China has forged a strategic alliance with Brazil that's allowed the two countries to partner with India and Russia in the so-called BRIC grouping, which is demanding a greater voice in global political and economic affairs. Indeed, China is making inroads with developing countries worldwide." And why shouldn't China be making inroads with these countries, when the USA-sponsored IMF and other "world banks" have simply been imposing American economic imperialism on them for decades.
Note the hidden implications of the first article from the New York Times: "One of China’s new deals in Latin America, the $10 billion arrangement with Argentina, would allow Argentina reliable access to Chinese currency to help pay for imports from China. It may also help lead the way to China’s currency to eventually be used as an alternate reserve currency. The deal follows similar ones China has struck with countries like South Korea, Indonesia and Belarus.
"As the financial crisis began to whipsaw international markets last year, the Federal Reserve made its own currency arrangements with central banks around the world, allocating $30 billion each to Brazil and Mexico. (Brazil has opted not to tap it for now.) But smaller economies in the region, including Argentina, which has been trying to dispel doubts about its ability to meet its international debt payments, were left out of those agreements."
In other words, the Chinese yuan, a state-issued debt free currency, is being quietly promoted as a regional reserve currency by the Chinese government, while the private monetized debt currency of the USA, the Federal reserve
"dollar" is being quietly pushed out, for in spite of American efforts to prop it up, Brazil - there's that country again - is simply not "opting" to tap it for now.
Now in case you haven't caught the significance of that yet, this means nothing less than an almost total declaration of war against those bankster-issued monetized debt currencies. So we may be witnessing the most serious challenge to the banksters in....well...centuries.
On this one, my hat's off to China.
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With the US record in the region they have have every right to be afraid over two centuries messing up there the Chinese are going to be making a killing there the idots in Washington never seem to learn from their mistakes and are always alienating people around the world.
Brazil has actually figured the growing potency of China in the global market and the need for a strategic alliance with them although being diplomatic not to cut ties completely with the US.
The continued presence of the US in Afghanistan and Iraq has taken a toll on the US economy and reduced the appeal for their debt monetized dollar.The Chinese Yuan is fast becoming a reconizable regional reserve currency pushing the dollar gradually away.
Bernard Behnanke and his economic team at the Federal Reserve have a lot to do to prop the dollar up again.
*Kingsley Omeihe is an economist*
China has participated for the first time in an assessment of its financial system as part of the joint IMF-World Bank Financial Sector Assessment Program (FSAP), as the start of a deepening engagement with China on financial sector reform issues. China, US, UK, Japan, EU each assessed.
IMF temporary head, John Lipsky, in Beijing summarizing the conclusions of the review today “…deregulating loan and deposit interest rates, and eventually moving toward the longer-term goal of an open capital account with the renminbi as a fully convertible currency. We have discussed in depth with our Chinese counterparts regarding these issues, and there was broad agreement that financial sector development should be well sequenced and handled carefully.”
Sounds like the beginnings of the horror economic treatment meted out to IMF’s victims of deregulation, open markets, free capital movement. Deregulating loan and interest rates is intriguing, is the issuance of debt free renminbi under threat to a foothold of private opposition.
having lived in Asia for 27 formative years (home-based in Japan, while traveling, for 19 years), 4 years in Singapore (SE Asia), total 7 years in India, i have had plenty opportunity to learn local languages and points of view that do not always coincide with those of the land of my birth (Republic of California).
now having been back Stateside since 2000 it has been a challenge blending all these experiences into an informed progressive positive view of present and future.
for one reason or another, the great old USA has been chosen to be the “host” nation for hidden PTB growing global exploitation since turn of last century and really kicked into over-drive with the establishment of the FED and post WWI depression era squeeze, encouraging the Bolsheviks, then later the Nazis then later… and so on…
alas, the host nation’s juices are in danger of getting used up, while other countries like China, Russia, India, Brazil… are starting to get their day in the sun…
unfortunately the hard lessons of the 20th century have not sunk in, and the dear host nation now is duly paranoid about what “went around coming back around”…
Oh, and there was noise from the U.S. military after the announcement of China’s Cyberwarrior group, that a cyber attack will be considered an act of war by the U.S…..
Would we call this “cyber rattling?”
I love it when they release statements like that. It just proves the people saying it, haven’t a clue how the Internet works.
It would be extremely ironic if this century’s strongest advocate of true democracy and freedom is the PRC! What an interesting turn of events. On the other hand, as dynasties go, the Communists have ruled China for a very short period of time, and China has a long, long history with a lot of changes.
Should have learned Chinese instead of German…
“According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies.
This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’…”
Be careful with articles of David Both/Sorcha Faal:
“Be careful with articles of David Both/Sorcha Faal:”
For those not in the know, why should be cautious of Sorcha Faal?
Dr. Farrell: I agree with you: “hats off to China.” I have recently begun following the blog of Reza Kahlili, author of “A Time To Betray.” He reports developments in Iran. His blog today was full of references to China, like this one: ” But it now appears that with the collaboration with China, Pakistan and the Ukraine, they [Iran’s IRGC] have overcome those difficulties and are now in possession of the warheads.” From:
Those guys really are desperate to get their wars on (this time with Iran).
BTW just Googled this question:
“When was last time Iran invaded anyone?”
and found this:
According to this article it’s been 250 years….
“Iran has not invaded or threatened any country for two and a half centuries. The only war the Islamic Republic fought was the one imposed by Saddam’s army, which invaded Iran with the backing of the US and its allies. When Iraq used chemical weapons, supplied by the West, against Iranian troops, Iran did not retaliate in kind. When Afghanistan’s Taliban regime murdered eight Iranian diplomats in 1996 and remained unapologetic, Iran did not respond militarily.”
Not saying the Iranian regime are nice folks in their own country, but at least they aren’t agitating for WW3.
Yes, I’ve noted a few programmes on BBC television here in G.B lately, also about China becoming crucially involved in African economic issues as a problem solver…instead of a userer posing as ‘aid’ giver.
I guess what all this also means…is the usual knee-jerk reaction from the Banksterites of fermenting war upon China, If not directly then indirectly through these emerging Chinese client states.
As you pointed out so accurately in your book about the Banksters, , or was it during an interview about same(?), their ruthless and destructive attitude to these nations in the past, has left them with no likely-hood of receiving any sympathy or help, once the brown stuff really hits the fan!
“Yesterday I mentioned that Brazil would be…..” Did you post something yesterday? Must have missed it. The last one before todays was on the 29th.